Mei Ri Jing Ji Xin Wen·2025-08-17 13:25Core Viewpoint - Huahong Company is planning to acquire Huahong Fifth Factory to enhance its 12-inch wafer foundry capacity, addressing competition issues and fulfilling commitments made during its IPO [1][2] Group 1: Acquisition Details - The acquisition involves purchasing equity from Huahong Micro, specifically targeting assets that compete with Huahong Company's 65/55nm and 40nm processes [1] - The transaction is in the planning stage, with initial discussions involving several investment entities, and is not expected to constitute a major asset restructuring [2] Group 2: Market Context and Capacity - The demand for semiconductor wafers is expected to exceed supply by the first half of 2025, driven by domestic needs and international IDM companies adopting a "China for China" strategy [2] - Huahong Company's total 8-inch wafer capacity is projected to be 447,000 pieces with a utilization rate of 108.3% in Q2 2025, reflecting a 5.6 percentage point increase from the previous quarter [3] Group 3: Revenue and Growth - In Q2 2025, the revenue from 12-inch wafers increased from $233 million to $334 million year-over-year, indicating a shift in revenue composition towards 12-inch products [4] - The revenue share of 12-inch wafers rose to 59.0% in Q2 2025, up from 48.7% in the same period last year, while the share of 8-inch wafers decreased to 41.0% [3]